Silver Analysis: Clear 70 and the 200-Day Is Likely Next
Silver is back on track for another solid day, turning green and up almost 2%. It had a brief pullback that didn't quite tap the previous resistance turned support.
If you clear 70, then likely you continue pushing higher into the 200-day, which is hovering around 72.37.
Despite slightly hotter than expected US inflation, concerns over debt continue to support demand for silver. Silver is reaching for those two-month highs. You also have bond yields tamed right now, not exploding higher, which is helping silver a bit.
The recent rally is really about dollar debasement worries after the Treasury boosted its bond buybacks.
You have Jackson Hole main event on Friday. We will look to Warsh for any new forward guidance. But the outlook for the precious metals here is pretty strong.
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— Alan
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6August 27, 2026 2.9K 2
